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PRSAC approves Employer Contribution Rate for Fiscal Year 2012-13

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PRSAC approves Employer Contribution Rate for Fiscal Year 2012-13

PRSAC approves Employer Contribution Rate for Fiscal Year 2012-13

The Public Retirement Systems’ Actuarial Committee (PRSAC) approved an employer contribution rate of 30.8% for the Louisiana School Employees’ Retirement System (LSERS) for the fiscal year 2012-13 effective July 1, 2012.

The member contribution rate for 2012-13 will remain at 7.5% for members hired before July 1, 2010 and 8% for new members with first state service on or after July 1, 2010.  Click here for copy of signed memo to Superintendents, Directors, Business Managers, Human Resource Directors, and IT Directors of all LSERS Employing Agencies.

If you have any questions, please contact Carolyn Forbes, LSERS Assistant Director, at 225.925.6490 or via email at cforbes@lsers.net.